Data Analytics in Investment Banks
This paper aims to structure the thoughts around data analytics in investment banks, and puts forward a classification of relevant data analytics use cases, and discusses some of the challenges that investment banks might encounter when engaging in this transformation process.
Abstract
Capital Markets are one of the most important pillars of worldwide economy. They gather skilled finance and IT professionals as well as economists in order to take the best investment decisions and choose the most suitable funding solutions every time. Data analytics projects in Capital Markets can definitely be very beneficial as all optimizations and innovations would have a financial impact, but can also be very challenging as the field itself has always incorporated a research component, thus finding out what could really be of an added value might be a tricky task. Based on a comprehensive literature review, this paper aims to structure the thoughts around data analytics in investment banks, and puts forward a classification of relevant data analytics use cases. Lastly, it also discusses how transforming to a data-driven enterprise is the real change investment banks should aim to achieve, and discusses some of the challenges that they might encounter when engaging in this transformation process. Keywords—Capital markets; data analytics; data analytics use cases; data-driven transformation; investment banks